S12E6 | How to Build Generational Wealth with Real Estate | REAL Collective Podcast

13/08/2024 31 min

Listen "S12E6 | How to Build Generational Wealth with Real Estate | REAL Collective Podcast"

Episode Synopsis


This week on the REAL Collective Podcast, Sean and Kyle are discussing different strategies on how to build generational wealth with real estate.

They explore the growing trend of gifted down payments and the challenges young people face in entering the market. Learn how you can support your kids without compromising your financial security, and discover various investment ideas and strategies. Plus, they share real-life success stories from clients who have implemented different tactics to achieve lucrative results.

If you are considering buying, selling, investing, or refinancing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!

To learn more about REAL Collective Marketing and how it can benefit your business, visit: https://realcollectivemarketing.ca/

To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/

Book a meeting with Sean or Kyle today!
Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect

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Website: https://www.realcollective.ca

Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa
Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages

#realcollective #podcast #ottawa

Intro: (0:00)
Building generational wealth (2:12)
Gifted down payments (2:42)
Why our system isn’t set up to handle deals over 1M (3:55)
The challenge of buying a property over 1M (5:28)
Clients are coming with larger down payments (6:09)
You can start early (6:55)
There are different ways to gift (7:55)
Wide array of ways to build wealth (9:13)
Why real estate investing gives you an extra lift (9:57)
Ride that wave up (11:42)
A misconception (12:30)
Rich vs Wealthy (14:44)
REAL Collective Marketing (16:14)
Second half (16:47)
Story time with Kyle – from first time buyers to investors (17:40)
An investor now in his ideal property (21:12)
The benefit of taking equity out early and buying a rental home in your kid’s names (22:30)
Do you actually need to pay your rental property off? (24:05)
Different visions of real estate success (24:45)
An interesting and lucrative investing strategy (25:10)
So many lucrative investment strategies out there (28:55)
Outro (30:45)


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